Latest Post and Updates

RBI Guidelines on Willful Defaulters

Auditors Liability for Willful Default: Prudential Norms by RBI

It is often observed that the Indian management system adopts the method of defining responsibilities and punishments rather than analyzing and solving the problem. It also continues in our banking system because it is often found that bankers do not take their responsibilities seriously and rather choose to do the…
Continue Reading
Latest Legal Obligations & updates in India

Mandatory Legal Obligations for Companies in India

For any entrepreneur, managing the day-to-day operations of their company while also adhering to corporate regulations may be a bit difficult. Therefore, it is crucial to get expert assistance and comprehend these legal requirements in order to guarantee that compliances are punctually completed without the imposition of interest or penalties.…
Continue Reading
Corporate bonds market in India

Corporate bonds in India: Market Analysis

Corporate bonds market in India are investments with low risk if an individual is looking for a short-term investment system. Such bonds are considered to offer high returns in comparison to bonds issued by the government.  But before investing in a corporate bond, each individual must be aware of the risk…
Continue Reading
Late Filing Fees & Penalty For Non-Payment of TDS/TCS

Non-Payment and Non-filing of TDS/TCS Returns: Consequences

The concept of Tax Deducted at Source was introduced with the purpose of collecting tax from the source of income. According to this concept, a person, known as a deductor, is liable to make a payment of specific nature to another person, known as a deductee. A person called a…
Continue Reading
Difference between Direct and Indirect Taxes

Direct and Indirect Taxes: Basics

Tax is a compulsory fee that is imposed on corporations or individuals by the State and the Central Government. This fee is imposed by the authorities to invest in the growth of the economy of the country. Various public expenses are covered by the Government from taxes. The concept of…
Continue Reading
Annual ROC Filing of Company in Jammu & Kashmir

Annual Filing of Companies: Jammu and Kashmir

The Union territory of Jammu and Kashmir (J&K) offers a large number of investment opportunities for entrepreneurs as the UT is rich in certain resources such as agro, water, herbal, forests, and minerals.  Additionally, this area owns unparalleled natural beauty which connects a market for the consumers as well as…
Continue Reading
Difference between Certification Trademark & Trademark

All you need to know about Trademark vs. Certification Trademark

The Concept of Trademarking is not new to the society. A lot of us might have commonly heard the word Trademark. However, usually, when we come across terms like Collective marks or Certification Marks, we get confused. Are these terms similar to each other? Are there more alternatives available to…
Continue Reading
Summons under GST Rights and Duties of Taxpayers

Summons under GST: Rights and Duties of Taxpayers

GST is a complex subject matter according to most people and over time these complexities only increased. With the rise in difficulty for taxpayers to easily understand the concept of GST, owning adequate licenses, etc. problems also grew for the tax authorities in recovering taxes.  Lately, many companies have been…
Continue Reading
How To Prepare For CA Exam

Preparation Tips: CA (Chartered Accountant) Examinations

CA Exams are conducted by the ICAI (The Institute of Chartered Accountants of India). This exam is conducted for individuals who aspire to become chartered Accountants and pursue Chartered Accountancy as a profession in India.  This examination is conducted at three different levels in accordance with the curriculum provided by…
Continue Reading
GST Audit by Tax Authorities

GST Audit by Tax Authorities: Introduction and Procedure

Audit by departmental authorities is a familiar concept. It already existed within the laws that existed even before the GST tax regime was introduced. However, the GST regime encouraged the concept of relying on self-compliance and self-assessment by the taxpayers. The purpose of the introduction of self-assessment by the GST…
Continue Reading

Ask an Expert